Iran’s Exports to Turkey Hit $820 Million in 4 Months
- May, 31, 2023 - 09:30
- Economy news
TEHRAN (Tasnim) – The Turkish Statistical Institute (TURKSTAT) in its latest report announced that Iran exported about $820 million worth of non-oil products to Turkey in the first four months of 2023.
Iran’s export of non-oil products to Turkey registered a 23 percent decline compared to last year’s corresponding period, the report said.
Iran-Turkey trade exchanges in the same period hit $1.725 billion, the value of which stood at $2.173 billion in the first four months of the previous year in 2022, it added.
The more than 40 percent decline in gas prices has been cited as the most important factor behind the drop in the value of trade between the two countries in the first four months of the current year.
According to this report, Turkey’s export of products to Iran from January to April 2023 hit $904 million, showing a four percent decline compared to a year earlier.
Turkey had exported $942 million worth of products to Iran from January to April 2022.
Turkey had imported $1.231 billion worth of non-oil products from Iran in the first four months of 2022.